Wednesday, 29 October 2008

Laughing all the way to the bank

At last a decent news article on how readily rich countries are to rescue the international banking system in the current financial crisis with contributions in the hundreds of billions of dollars yet continue to renege on their commitments to the much smaller required amounts of GDP for overseas aid or the UN Comprehensive Framework for Action to deal with the global food crisis. And all the while international agribusiness and seed companies are laughing all the way to bank (the ones that were rescued!). You can read John Vidal's article, 'West rescues banks but fails the world's hungry', in the October 24th edition of the Guardian Weekly.

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